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aussiebear

World Stock Markets Trading Discussion - Mediocre momentum

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Do we really have to go back and fill that gap to 2852?

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APPLE BY THE NUMBERS - PART 2

 

Way back in April 2013 I did a number analysis of Apple and said it was a compelling valuation.

 

It was then selling at $60 and now sells for over $200

 

I will now repeat this exercise

 

Is Apple a better business than it was 5 years ago - the answer is no.

 

It makes $50b in profit which converts to $50B in free cash flow.

 

Its P/E is now 20 compared to my calculated P/E back in 2013 of 6.

 

It is no longer value for money and is a no growth business.

 

It jumped the shark in 2015.

 

It may be America's first Trillion dollar company but it is no longer a good investment.

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